Product developmenta strategy which tends to increase sales, Ask an Expert

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Product development

A strategy which tends to increase sales by the development of new services or products to the same market for example an entirely new or improved existing product, with more features or modifications being sold.

R&D and reverse engineering to build upon existing knowledge about consumers
Modifications to products to reflect changing wants, needs or values
Innovative change to products with novelty appeal for example new ranges or flavours

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M9580709

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